Risk management is the identification, assessment and prioritization of risks followed by an allocation of resources to minimize, monitor and control the probably of unfortunate events and to maximize the realization of opportunities or investments. The strategy to manage risk includes transferring risk to another party, avoiding the risk, reducing the negative effect of risk, or accepting the consequences of the particular risk.

For years, I've studied management and leadership theories. Everyone says basically the same thing. Managers manage and leaders lead. Everyone wants to do the same thing-lead and not manage. It occurred to me that good leaders are also good managers. In other words, it's not a question of either managing or leading. It's a question of doing both and doing them at the right time, knowing when to manage and knowing when to lead. Here's how good management and good leadership work in tandem with the Teach and Release Model.

The number one item sought by Generation Y managers is transferable skills. If your organization meets this need while at the same time providing constructive, regular feedback, embracing new technology, acknowledging and considering recommendations and reinforcing the positive actions of your organization on society, it will be in the best possible position to recruit and retain Generation Y managers as they continue to make their way up the organizational chart.

Recent research conducted by Credit Control Magazine, has revealed that the vast majority of management figures in businesses across the United Kingdom believe document management solutions should be seen as central to efforts at recovery from the current economic downturn. This article explores Credit Control's findings in more detail and examines how a Document Management system, for example those used for automating procure-to-pay and order-to-cash processes, can provide organisations with improved cash-flow as well as the cost and efficiency savings that will prove essential to lifting them out of the downturn.

As a company grows and matures, other factors in its successful management and growth become important. I will analyze a company's Growth Stages and identify common issues, success factors and problems for each particular stage; identify Management Considerations and Challenges as the company grows and matures; and consider Future Planning Requirements. As a Company grows and matures, it is important the organization understands how to plan effectively for new challenges, issues, markets and problems.

Management Development may be defined as a process through which managers improve existing skills and learn new ones to facilitate their own development and that of the organisation. In Organizational development, one of the major factors determining organizational success is the effectiveness of Management. Hence, measures taken towards Management Development can have numerous advantages for an organisation.

Project Management is the process of applying a systematic approach towards achieving a specific objective. It entails drawing up a project plan by going over the project objectives, brainstorming over how tasks and goals can be achieved, estimating the amount of resources required and coming on a consensus over the budget and time needed for project completion. The project management process also extends to the actual implementation stage where project managers ensure that performance is in sync with the plan and that timelines are being followed as per schedule.